Primecap Management Co. CA Sells 3,145 Shares of Entegris, Inc. (NASDAQ:ENTG)

Primecap Management Co. CA lowered its stake in shares of Entegris, Inc. (NASDAQ:ENTG) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,952,387 shares of the semiconductor company’s stock after selling 3,145 shares during the period. Primecap Management Co. CA owned approximately 1.96% of Entegris worth $332,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Entegris during the second quarter worth about $26,000. Quarry LP acquired a new stake in shares of Entegris during the second quarter worth about $27,000. Summit Securities Group LLC acquired a new stake in shares of Entegris during the second quarter worth about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Entegris during the second quarter worth about $31,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Entegris during the third quarter worth about $29,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ENTG. Citigroup dropped their price target on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets dropped their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Craig Hallum dropped their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Finally, UBS Group dropped their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Up 0.5 %

Shares of Entegris stock opened at $99.96 on Thursday. Entegris, Inc. has a one year low of $94.92 and a one year high of $147.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.92 and a quick ratio of 1.83. The stock’s 50-day moving average is $107.23 and its 200 day moving average is $119.02. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 66.20, a PEG ratio of 1.62 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a return on equity of 12.24% and a net margin of 7.13%. The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same period last year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. Equities research analysts anticipate that Entegris, Inc. will post 3.03 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).